JNJ.US Exchange Offer

Johnson & Johnson (JNJ.US) announced its intention to split-off at least 80.1% of the shares of Kenvue Inc. (KVUE.US) through an exchange offer. The exchange offer will permit Johnson & Johnson (JNJ.US) shareholders to exchange some, all or none of their shares of Johnson & Johnson (JNJ.US) common stock for shares of Kenvue (KVUE.US) common stock at a 7% discount, subject to an upper limit of 8.0549 shares of Kenvue (KVUE.US) common stock per share of Johnson & Johnson (JNJ.US) common stock tendered and accepted in the exchange offer. If the upper limit is not in effect, tendering shareholders are expected to receive approximately $107.53 of Kenvue (KVUE.US) common stock for every $100 of Johnson & Johnson common stock tendered.

The terms of the offer are as follows :

Option (1) : Take no action [Default Option]

Option (2): EXCHANGE SHARES - $100 OF JOHNSON & JOHNSON COMMON STOCK FOR 8.0549SHRS OF KENVUE (in exchange for approximately $107.53 per share of KENVUE common stock)

The deadline to tender shares to the offer will be 11/08/2023@ 16:00 (HONG KONG TIME GMT+8).

Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com.

1. Account Number –
2. Name - (In Chinese or English)
3. Stock code – JNJ.US
4. Options - (1) or (2)
5. Number of shares participating in corporate actions -

Company action announcement:
https://j.futuhk.com/009as1
https://j.futuhk.com/009as2

Note to applicants:
1. If shareholders holding 1 share or less of JNJ.US, they cannot participate in related corporate actions.
2. Option 1 is the default option. We will help clients to choose option 1 if have not received clients’ emails.
3. Once the relevant application is submitted, the stocks participating in the company's actions cannot be traded and the application cannot be withdrawn.
4. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.
5. The pending orders and unsettled shares will not be accepted for the time being.
6. Please confirm that the account funds are sufficient to pay the relevant fees of this corporate action. Otherwise, we will not bear any responsibility for the failure of your application.
7. If there is any update, all the information released by the listed company shall prevail.

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